You’ve heard this advice before. Almost all successful people have had some kind of role model to show them how it’s done. I’ve had a mentor too, Paul Singh, and I wouldn’t be here today without him. Here are some of the best reasons why I believe having a trading mentor is a good idea.
Experience
Trading is not about immediate gains or immediate trades. It’s all about the process, which is why trading mentors can be so valuable. They have had the experience and the ups and downs you have yet to experience. Chances are they’ve blown a few accounts and understand how to avoid it. The difference is what they decided to do once that account was blown. This little tidbit and many more are why experience has and will always be respected.
Save Yourself Time
Learning from their experience can save you a lot of time. A mentor may have spent years learning trading and the different phases of the market. He can share what he learned and cut your learning curve in half. The time spent to figure the little things out can be better spent on understanding your trading style, psychology, and the market.
Save Yourself Money
There are some real dangers out there in trading. You hear trading horror stories all the time. First thing I learned when I got a mentor is to never hold through earnings. But you see people still breaking this rule left and right. How many times have you seen a stock trending higher or release a strong earnings report only to gap down 10%? This and other valuable advice can save you thousands of dollars that will keep you from making that one fatal mistake.
Motivation
Trading is hard and lonely. Seeing someone who has gone through it and come out of the other side shows you it’s possible. Talk to them, spend time with them, and ask them questions. Then you’ll realize that the potential is real and not a distant dream. Feed off of their passion and internalize it as your own. This way, when the going gets tough you have someone to turn to and know they also went through the same pain.
If you’re not sure of the steps and practices that we’re talking about you can learn them all here at our Bulls Bootcamp. We’re having an exclusive spring time bonus for our intensive 60 day course where we teach you exactly how I trade and why. Not only that, our bonus also includes 6 months of free chat access and a Special Live Platform Setup Class on May 1. This deal is only for a limited time so to learn more or signup, email me at kunal@bullsonwallstreet.com today!
